amsung Electronics, the world’s largest memory chip manufacturer, has recently declared its support for the semiconductor chief Jun Young-hyun by
making him the new Co-CEO and offering him total control over the complex memory chip business which faces currently issues.
But Samsung chips maker made a second announcement in which it declared Han Jim-man, the head of the U.S. chip division, as president and leader of the foundry business, a business with is more focused on customer-designed chips.
It’s important to mention that even though the company has made some leadership changes during this difficult period, Samsung kept Chung Hyun-ho to be the head of the Business Support Task Force and named a former CFO and his deputy. He was the second-in-command of Samsung Chairman Jay Y. Lee. It seems that this Samsung action has disappointed some analysts who declared their support for changes in the top decision-makers. The analysts previously argued that their mistakes caused the Samsung memory chips industry to decrease in adopting artificial intelligence technology.
Samsung’s memory chips' price share crashed down by about 3.4% due to the fact that these leadership changes failed to calm the concerns about how Samsung Electronics will deal with risks that are connected to the protection policies of the new U.S. president.
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However, close before the new U.S. presidential elections, Samsung chip maker stock recorded a decline because of the various investors' concerns that is no longer a rival in the AI chip market industry.
So now the Chip Chief Jun has direct supervision over the memory chip business, after his leadership in the semiconductor division since May this year. The profit for this division recorded a decrease of about 40% in Q3 due to the fact that Samsung's Electronic business focused on AI chips has faced a delay from a big customer. Various analysts stated that the unknown customer could be the giant Nvidia.
"I am fully aware that there are grave concerns about the future of Samsung recently,", Chairman Lee stated previously this week about the Samsung chip maker's future.
In the Wednesday leadership announcement, Samsung also included a new chief technology officer for its foundry business along with a new executive to be responsible for finding new growth opportunities.
According to Samsung's memory chips maker, these changes aim to deal with the recent business uncertainty and also to enhance the tech competition in the chip market industry.
By
Eva Robinson
•
November 27, 2024 10:10 AM
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